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Updated almost 7 years ago on . Most recent reply

Anthony Johnson's profile image
Anthony Johnson's profile image
Anthony Johnson
  • Real Estate Agent
  • from Manhattan Beach, CA
  • Member since Sep 22, 2016

User Stats

30
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6
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Anthony Johnson's profile image
Anthony Johnson's profile image
Anthony Johnson
  • Real Estate Agent
  • from Manhattan Beach, CA
  • Member since Sep 22, 2016
Anthony Johnson
  • Real Estate Agent
  • Manhattan Beach, CA
6
Votes |
30
Posts
Buying & Selling Real Estate

Assuming a foreclosure. Help.

Anthony Johnson
  • Real Estate Agent
  • Manhattan Beach, CA
Posted
Hey Bigger pockets! I'm trying to save a veteran from foreclosure. She is 8grand behind on payments. The total amount due is 55,094.74, ARV 110k. Does anyone have experience with talking to banks to stop the process, I understand I need to threeway call with my client. I'll be doing that Monday. I am trying to assume the loan after paying off the amount owed. Any tips or things to keep in mind? The property is in TN. Thank you Anthony D. Johnson
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Mitch Messer's profile image
Mitch Messer's profile image
Mitch Messer
  • Lender
  • from San Miguel de Allende, México
  • Member since Jan 22, 2014

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Mitch Messer's profile image
Mitch Messer's profile image
Mitch Messer
  • Lender
  • from San Miguel de Allende, México
  • Member since Jan 22, 2014
Mitch Messer
  • Lender
  • San Miguel de Allende, México
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Mitch Messer
  • Lender
  • San Miguel de Allende, México
Replied

@Anthony Johnson Got it! Very nice. Why not take the loan over Subject-To, rather than assuming it?

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